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2008 (5) TMI 273 - HC - Service TaxDelayed payment of service tax - respondent submitted that the amount was deposited in time, but on account of delay in allotting head of account there was delay of 4 days in crediting - Whatever be the reason for the belated payment, provision for interest containing Section 75 is mandatory - tribunal cancelled the interest on the assumption that the demand made is penalty - Additional Commissioner waived penalty and demanded is only in the form of interest u/s 75 – revenue’s appeal allowed by cancelling the order of the Tribunal
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